Wireless Distributor Acquires Major Competitor

Brightpoint, Inc. (Plainfield, Ind.) announced plans to acquire all of CellStar's assets and liabilities related to its U.S. operations and its Miami-based Latin America business.

"With the addition of the Miami-based Latin America business, we will bolster Brightpoint's capabilities for providing distribution and logistic services to customers and suppliers throughout Latin America,” said Robert J. Laikin, chairman and CEO of Brightpoint, Inc. CellStar's operations in Mexico and Chile are excluded from the sale.

The deal is expected to close in March or April of 2007. Brightpoint estimates that revenues from the acquired operations will exceed $450 million in the first year.

Brightpoint, Inc. distributor of wireless devices and provider of logistics services to the wireless industry. In 2005 Brightpoint handled 42 million wireless devices globally.

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